BHEL is in a short term downward
momentum. It is closed at Rs. 175.60 /-. This downward momentum is expected to
continue for some more time. This stock is a short selling candidate for a very
short period of time. One can
initiate short position in this stock only below Rs. 175 /- for the targets of Rs.
170 /- and Rs. 165 /-. A strict Stop Loss of Rs. 180 /- must be maintained for
any short position initiated.
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